DogWifHat Holders Launch New ICO, Aiming for 1,000% Profits
Tim Hakki
June 17, 2024 13:37 EDT
The well-known Solana meme coin DogWifHat ($WIF) is experiencing a rough patch.
The value of this coin with a market cap exceeding $2 billion dropped by 8.6% overnight and 12% over the week, currently trading at $2.33.
Among the top ten meme coins, only Floki ($FLOKI) fared worse. Floki plummeted by 10% overnight and a significant 30% over the week to reach $0.0001838.
In comparison, Dogecoin ($DOGE), with a market cap of $19.4 billion, only experienced modest losses of 3% overnight and 8% over seven days, trading at $0.1321.
Even the market leader Bitcoin ($BTC) is facing a decline today. However, Bitcoin’s losses are not as severe as those of typical meme coins. The cryptocurrency only decreased by 2.3% overnight and 5.1% over the week, trading at $65,134.
DogWifHat’s trading patterns show that the token has encountered resistance around $3.50, briefly reaching $4 in May before dropping to its current level. While the coin reached an all-time high of $4.83 on March 31, its current price indicates a pullback of over 50%.
The relative strength index (RSI) for DogWifHat is currently at 32 and decreasing, indicating substantial selling pressure that could lead to further depreciation of the token. If the support at $2.10 is breached, the token may fall back to $1.50.
Solana, the blockchain hosting DogWifHat, is now introducing a new viral meme coin called Sealana to compete with Ethereum. With a digital economy holding over $4.2 billion in total value locked (TVL) and boasting 1.6 million active users and over 2,500 monthly active developers, Solana is positioning itself as a strong contender in the crypto world.
Sealana, a humorous spin on South Park’s Gamer Guy, has already raised over $4 million in a presale that will end in just over a week. As the meme coin market diversifies, both Sealana and DogWifHat are poised for success in the upcoming Solana gold rush.
Investors looking to get in early on Sealana have until the presale concludes at 6PM on June 25 to purchase the coin at a fixed price of $0.022. Don’t miss this opportunity before Sealana potentially takes off post-listing.
Sealana can be purchased with $SOL, $ETH, $USDT, or $BNB on the official website. Remember, cryptocurrency is a high-risk investment, and this article is for informational purposes only. Be cautious as you could lose your entire investment.